The Update describes the various phases of testing required for Release 1 and Release 2; announces the planned issuance of final Single Security features and disclosures to the market; and provides information on the ongoing alignment of Enterprise programs, policies and practices and the processes that will be followed to further support the Single Security initiative.

“This Update reflects our ongoing commitment to transparency. It also reflects the outstanding public and industry input and support we have already received and that we look forward to continuing to have as we move toward the goal of launching the CSP,” said FHFA Director Melvin L. Watt. “The CSP and the Single Security are ambitious projects that we are confident should improve the overall efficiency and liquidity of the mortgage market and result in tremendous savings to taxpayers.”

FHFA has also developed a timeline of key achievements to date as well as upcoming milestones with targeted completion dates. FHFA will update the timeline as milestones are reached. Later this year, the Agency expects to announce the intended launch date for the Single Security in order to provide stakeholders at least 12 months’ advance notice.

FHFA welcomes public input on this Update from interested parties. Feedback can be submitted electronically via FHFA.gov, or to the Federal Housing Finance Agency, Office of Strategic Initiatives, 400 7th Street, S.W., Washington, D.C. 20219. All submissions received will be made public and posted to FHFA’s website.

The information on this website is for informational purposes only and is not to be construed as legal advice.

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